Blackmoon Crypto ICO Reaches Distribution Ceiling of $30 Million in First Day of Token Distribution

Blackmoon Crypto, a subsidiary of Blackmoon Financial Group, supporting the creation of tokenized investment vehicles, has announced the results of their September 12 ICO and token distribution. From 1 p.m. UTC on September 12 to 8:44 a.m. UTC on September 13, Blackmoon Crypto raised the remaining funds needed (following their September 1 pre-sale) to hit their targeted maximum token distribution value of $30 million USD. In total, investors from 135 countries participated, with the majority of investors based in the United States.

“Blackmoon Financial has a very strong reputation in the financial services world, and most recently, within the quickly evolving crypto-currency marketplace,” says Oleg Seydak, CEO, Blackmoon Financial. “The success of our earlier pre-sale and today’s more widespread token distribution validates investor enthusiasm, as well as the general view that investing in cryptocurrency offers the potential for significant net returns.”

Blackmoon Financial is a leader in marketplace lending as a service (MPL-a-a-S), leveraging the P2P lending model to connect investors with balance sheet lenders. Since their inception in August 2014, Blackmoon Financial has exceeded $120 million deals volume. On August 1, Blackmoon Financial announced subsidiary Blackmoon Crypto as a holding company for the newly launched Blackmoon Crypto Platform, a blockchain-based platform for tokenized vehicles.

The Blackmoon Crypto Platform is a first-of-its-kind, one-stop solution for asset managers to create and manage legally compliant tokenized funds; addressing requirements ranging from technology and infrastructure, to legal framework and corporate structuring. Any experienced and approved investment manager can now create create a fund based on Blackmoon Crypto Platform. This brings crypto-currencies into the mainstream investing world and allows investors and fund managers to include them in their diversification strategies. At the time of the Blackmoon Crypto launch, Blackmoon Financial announced plans to also launch their own crypto-currency based on the Ethereum blockchain.

“The crypto-currency market is evolving and changing so quickly – it’s like the wild, wild West,” continues Seydak. “Our new platform is designed to help reduce the regulatory risks and concerns around crypto-currency. Similarly, our new crypto-currency offers investors a chance to get into this market, through an established financial services leader and crypto expert such as Blackmoon.”

About Blackmoon Financial

Blackmoon Financial Group is a financial technology and investment management company that has been operational since August 2014. The company is led by Oleg Seydak (entrepreneur and financial technology investor) and Ilya Perekopsky (entrepreneur, IT angel investor and former VP and COO of VK, the largest social network in the Eastern Europe). The Blackmoon Lending Marketplace now operates in 9 countries and exceeded $120M in deals volume, while reaching $15M in monthly volumes. The company has 19 full time employees, with offices in Moscow, Limassol and New York and attracted $3.5 million in venture capital investments since 2015.

About Blackmoon Crypto

Blackmoon Crypto is a blockchain-based platform for tokenized investment funds. The Platform allows its users to create, promote, develop, and manage legally compliant investment funds while covering all the aspects from technology and infrastructure, to legal framework and corporate structuring. Blackmoon Crypto offers a vision for the new standard for tokenized investment vehicles that will bridge the gap between the fiat and crypto universes. Blackmoon Crypto is the part of the Blackmoon Financial Group, a financial technology company founded in 2014. The Blackmoon team has extensive experience in setting up and managing investment funds, developing automated investment interfaces and asset management tools while effectively working with regulatory authorities.

Disclaimer:Blackmoon Crypto is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.